According to Reuters, KKR has agreed to acquire First Data (FDC) for $29 billion, a 26% premium.
Reuters writes that AT&T (T) and American Movil are acquiring a controlling interest in Telecom Italia (TI), the largest phone company in Italy.
Reuters writes that The Newspaper Association of American is trying to woe more advertisers. It figures show that newspaper internet audience rose 15% in the second half of 2006 to 57.3 million.
According to The Wall Street Journal, Google (GOOG) has entered the bidding for online ad serving business DoubleClick. Microsoft (MSFT) is interesting in buying the company as well. Yahoo! (YHOO) and Time Warner (TWX) have also shown interest.
The Wall Street Journal says that New Century Financial (NEW) is likely to file for bankruptcy due to defaults in the home lending business.
Apple (AAPL) and music company EMI are likely to announce that the iTunes store will sell EMI’s recordings without digital right management software, according to WSJ.
The Wall Street Journal writes that The Tribune Company (TRB) is close to a deal to sell itself to investor Sam Zell.
FT says that Qualcomm’s (QCOM) CEO is hoping to avoid an all-out war when its licensing agreement with Nokia (NOK) ends in a week.
Barron’s reports that Hewlett-Packard’s (HPQ) hot laptop business is helping it hold its lead against Dell (DELL) in the PC industry.
Douglas A. McIntyre
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